You are here

Asia's oil market caught in China rivalry

Two top Chinese oil traders Chinaoil and Unipac face off in a battle for control of the region's crude benchmark

Sat, Aug 22, 2015 - 5:50 AM

An intensifying rivalry between China's two top oil traders Chinaoil and Unipec is whipsawing Asia's oil market, pitting the state-owned firms against each other in a battle for control of the region's crude benchmark.

PHOTO: REUTERS

Beijing

AN intensifying rivalry between China's two top oil traders Chinaoil and Unipec is whipsawing Asia's oil market, pitting the state-owned firms against each other in a battle for control of the region's crude benchmark.